Builders Capital Mortgage Corp. Announces Anticipated Third Closing of Bond Offering

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[{"type":"text","content":"Builders Capital Mortgage Corp. Announces Anticipated Third Closing of Bond OfferingCalgary, Alberta--(Newsfile Corp. - December 8, 2025) - Builders Capital Mortgage Corp. (TSXV: BCF) (\"Builders Capital\" or \"the Company\") had previously announced its intention to proceed with a participating bond offering (the \"Bonds\") to raise gross proceeds of up to $50 million closing in one or more tranches (the \"Offering\"), the details of which are set forth in a news release dated April 8, 2024. The third tranche of the Offering is now expected to close on December 31, 2025 for gross proceeds of $750,000. The bonds are issued on the same terms described in the Company's new release dated April 8, 2024.The net proceeds of the Offering will be used in the Company's ongoing mortgage lending business to fund or acquire short-term, residential construction mortgages in Alberta and British Columbia. The Bonds will participate on a pari passu (equal) basis with the existing shares of the Company relative to returns and risk based on capital contributed to the business of the Company, and accordingly shares and shareholders of the Company are not exposed to additional leverage risk by virtue of the Offering.The Company confirms that there are no material changes to the Company that have not been previously disclosed.About Builders CapitalBuilders Capital is a mortgage lender providing short-term course-of-construction financing to builders of residential, wood-frame properties in Western Canada. The Company commenced active operations on December 12, 2013 on the closing of its initial public offering, whereupon it acquired a portfolio of mortgages from two predecessor companies. Builders Capital's investment objective is to generate attractive returns, relative to risk, in order to provide stable and consistent distributions to shareholders while remaining focused on capital preservation and satisfying the criteria mandated for mortgage investment corporations (\"MIC\") as defined in the Income Tax Act. As an MIC, Builders Capital is not subject to income tax provided that it distributes all of its taxable income as dividends to shareholders within 90 days of its December 31st year-end. Such dividends are generally treated by shareholders as interest income, so that each shareholder is in the same tax position as if their proportionate sha...

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